Economists John Fernald, Huiyu Li, and research associates Brigid Meisenbacher and Aren Yalcin have identified a recurring pattern in US labor productivity growth. During recessions, productivity grows temporarily before returning to its longer-run trend as the economy recovers.
The Federal Reserve Bank of San Francisco (SF Fed) aims to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. With two key goals – maximum employment and price stability – the SF Fed works towards supporting an economy that benefits everyone, serving the 12th Federal Reserve District covering western states and territories.
Source: https://www.frbsf.org/news-and-media/news-articles/research-spotlight/2024/12/economic-letter-video-productivity-during-and-since-the-pandemic